The ongoing CDK Global cyber event is likely to result in financial losses for many auto dealerships and other affected businesses. Those businesses may have insurance coverage for such losses through a cyber policy, a property policy, a business owner’s policy, or other types of policies. Businesses should take several urgent steps to protect their rights and maximize potential insurance recovery, including contacting insurance coverage counsel.

Our insurance recovery team has been following this incident and is prepared to assist clients immediately, including analyzing options arising from losses suffered as a result of this cyber outage. Our team has been assisting clients to recover insurance for claims, investigations, and losses arising from data and privacy security breaches, improper transmission or disclosure of personal or proprietary data, ransomware attacks, and other emerging cyber threats, such as cryptojacking, since cyberliability insurance was first introduced to the insurance market.

Please reach out to one of our contacts below.